EURCAD currently retesting the roof of the ascending parallel channel and the previous level of resistance. Should we see a rejection from here I will be looking to enter longs on a pullback towards the 0.5-0.618 area of Fibonacci retracement, and set TP target to the outer 0.618 fib level in correspondence to our respectable descending trendline.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.